Freehold Grade II Listed residential investment comprising 4 recently refurbished flats producing £50,700pa

A 5 storey freehold residential investment comprising 4 flats producing £50,700 per annum. The building is in good order having been recently refurbished. Grade II Listed.

Lot Type

Residential Investments

situation

The property is well situated opposite Valley Gardens which has recently been the subject of major regeneration. The area is well known for its popular pub scene with North Laine Brewhouse and Brewdog a short walk away. The American Express Headquarter building is 0.6 miles away with Brighton Palace Pier 0.5 miles away.

accommodation

Lower ground 1 bedroom flat with it's own street entrance and use of a private rear patio garden. Let on an AST at £1,000pcm. Ground floor 1 bedroom flat. Let on an AST at £1,050pcm. First floor Large studio flat with bathroom on the half landing. Let on an AST at £775pcm. Second and Third floors 2 bedroom maisonette with large living room and separate kitchen Let on an AST at £1,400pcm. Please note there will be a 6 week completion period due to the Christmas holidays, or sooner if agreed by both parties.

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration fee of 0.5% (inc VAT) of the sale price, subject to a minimum of £1,500 (£1,250 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.